Press release
Electric Vehicle Power Inverter Market Size 2025: Global Share, Industry And Report Analysis By 2031 | Stercom Power Solutions GmbH STMicroelectronics NV Turntide Technologies Inc.
Electric Vehicle Power Inverter Market
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The increasing demand for global EVs is likely to make a huge impact on the growing EV power inverter market. Multiple factors are driving the increased demand for EVs, which is supported by government incentives, improving supportive technologies, and environmental issues leading to further extensions in the need for power inverters that allow the efficient, longer, and reliable performance of EVs. For instance, according to the International Energy Agency (IEA), nearly 14 million new electric cars were registered globally in 2023, bringing the total number up to 40 million, in line with the Global EV Outlook 2023 forecast. The EV sales in 2023 grew by 35% year-on-year, exceeding 2022 figures by 3.5 million and marking a more than six-fold increase compared to 2018. The surge in EV adoption globally would help to support the advancement, adoption, and improvement of superior components like power inverters into the EV ecosystem in the future.
full report of Electric Vehicle Power Inverter Market available @ https://www.omrglobal.com/industry-reports/electric-vehicle-power-inverter-market
• Market Coverage
• Market number available for - 2025-2031
• Base year- 2025
• Forecast period- 2025-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Electric Vehicle Power Inverter Market Report Segment
By Type
• Traction Inverter
• Soft Switching Inverter
By Propulsion Type
• Hybrid Electric Vehicles
• Plug-in Hybrid Electric Vehicle
• Battery Electric Vehicle
• Fuel Cell Electric Vehicle
By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
Global Electric Vehicle Power Inverter Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global electric vehicle power inverter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-vehicle-power-inverter-market
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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